AUDUSD Mar 19 to Mar 23 Outlook

By News Robot

Lawrence’s Comment

Recap
Struggled at Y-1 and eventually break below but failed to tag Y-2. That set the stage to rally back to Y-0. Closed the week near Y-0 and week high.

Outlook
None of the major weekly target points are tagged, meaning the market is directionless. The reversal in later part of the week points to higher prices at B+2 if B-0 can act as support.

Not expecting a major move to materialize unless Loonie joins the party.

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